NJ cannabis licensees face exorbitant rent demands
More than a year after the state of New Jersey legalized the recreational sale of marijuana, some who have obtained licenses from the state are hitting a dead end when it comes to obtaining retail space.
Many had expected the main hurdle to be securing a cannabis license. As it turns out, the real estate component has been the main obstacle. In New Jersey, once awarded a license, a licensee then has a secure real estate on which to operate their business.